Pharmaceutical Industry Expects to create 45K more jobs in 2015

Jaipur : Healthcare research institutions IIHMR, organized a National Seminar on Perspectives in Pharmaceutical Industry: Response of Pharma Education. The event was graced by many Pharmaceutical Industry experts, Principals and Directors of Pharma Colleges of Rajasthan and neighboring states.

The Seminar was conducted by IIHMR University in association with Association of Pharmaceutical Teachers of India (APTI) Rajasthan State Branch and Indian Pharmaceutical Association (IPA) Rajasthan State Branch.

According to Mc Kinsey report of India Pharma 2015 – Unlocking the Potential of the Indian Pharmaceutical Market, the Pharma industry has immense opportunities and has a projected market growth of USD 24 billion by 2015 and USD 55 billion by 2020.

Through discussions by the Pharma Industry experts it was evolved that Metro and Tier-I markets will make significant contributions to growth, driven by rapid urbanization and greater economic development. Rural markets will grow the fastest driven by step-up from current poor levels of penetration. The hospital segment will increase its share and influence, growing to 25 per cent of the market in 2020.

Brig. S. K. Puri, Advisor, IIHMR University, said, “For academia, it is indeed a challenge to transform the students into management professionals. Looking at the growth of the Pharmaceutical Industry, we, at IIHMR, have availed a special management programme – MBA in Pharmaceuticals Management.

Since the inception of this programme we have experienced keen interest of industry recruiters in our students. Our placement partners have also motivated us to generate best of the talents that has been appreciated by various organizations globally as well as nationally.”